![(16 NOVEMBER 2017)DAILY MARKET BRIEF 2:Bitcoin - $8000 Before The Weekend? (16 NOVEMBER 2017)DAILY MARKET BRIEF 2:Bitcoin - $8000 Before The Weekend?](https://c.mql5.com/6/790/splash-712217.jpg)
(16 NOVEMBER 2017)DAILY MARKET BRIEF 2:Bitcoin - $8000 Before The Weekend?
![Jiming Huang Jiming Huang](https://c.mql5.com/avatar/2015/11/563C54E3-36DF.jpg)
$8000 before end of the week?
(By Yann Quelenn)
• Bitcoin is back to recent its highest levels after
a profit-taking period. The technical structure
shows a tremendous positive short-term
momentum. Hourly support is located at 5605
(13/11/2017 low). Strong support stands very far
at 2975 (22/08/2017 low). In the short-term, the
digital currency should continue rising.
• In the long-term, the digital currency has had
an exponential growth. There are decent
likelihood that the asset will reach $10'000.
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